Kohls Corp (KSS)
Fixed asset turnover
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 17,132,000 | 17,794,000 | 18,972,000 | 15,798,000 | 19,776,000 |
| Property, plant and equipment | US$ in thousands | 7,720,000 | 7,926,000 | 7,304,000 | 6,689,000 | 7,352,000 |
| Fixed asset turnover | 2.22 | 2.25 | 2.60 | 2.36 | 2.69 |
February 3, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $17,132,000K ÷ $7,720,000K
= 2.22
The fixed asset turnover ratio of Kohls Corp has shown some fluctuations over the past five years. The ratio was 2.69 as of February 1, 2020, indicating that the company generated $2.69 in sales for every dollar invested in fixed assets. However, the ratio decreased to 2.36 by January 30, 2021, before slightly increasing to 2.60 by January 29, 2022. This suggests that the company's efficiency in utilizing its fixed assets to generate sales improved in 2022 compared to 2021.
Subsequently, the ratio declined to 2.25 by January 28, 2023, before decreasing further to 2.22 by February 3, 2024. These decreases in the fixed asset turnover ratio may indicate that Kohls Corp's ability to generate sales from its fixed assets has weakened in the most recent years. It could be a sign that the company needs to reassess its asset utilization strategies or consider optimizing its asset base to enhance operational efficiency.
Peer comparison
Feb 3, 2024